In the second quarter of this year. Corrected net profit of polenergy, in which the richest Polish woman has a control package of almost 43 percent. shares, amounted to only PLN 0.7 million, which means a decrease of PLN 79.9 million in relation to the same period of the previous year – results from the estimated data provided by the company.
In the whole first half of 2025, the group's net profit was PLN 61.2 million, which is decrease in relation to the same period of last year by PLN 161.3 million.
Read also: Everything you would like to know about business and life philosophy of the richest Polish woman [TYLKO U NAS]
“This was mainly caused by the factors described above affecting the EBITDA result [wynik operacyjny powiększony o amortyzację]as well as higher financial costs resulting from interest on issued green bonds and financing obtained from the funds of the National Reconstruction Plan (KPO). These funds were intended to cover their own contribution in the Wind Farmes of the Baltic II and the Baltic III ” – it was written in the communiqué.
Polenergia shares reacted with a 1 % fall, going down to PLN 59 for a moment. The market value dropped by PLN 62 million compared to the previous day to PLN 4.56 billion.
Solar value much lower
Polenergia informed about the creation Update write -offs The value of assets in relation to Polenergia Photovoltaics in the amount of approx. PLN 71 million. At the end of the first quarter, the company's own capitals were PLN 224.5 million, so it is a significant discount.
Additionally The value in the books of installation for the production of green hydrogen Polenergia H2HUB Nowa Sarzyna was reduced by PLN 21 million. The project assumed the construction of a pilot hydrogen renewable production installation with a nominal power of an electrolyser approx. 5 MW, which will allow maximum production of approx. 500 tons of green hydrogen per year. In April, Polenergia decided to stop implementing the project. The company explained this decision “by a significant extension of the delivery time and limiting the availability of technological components necessary for the implementation of the project, the deliveries of which do not fall into the schedule adopted as part of the” NCBiR, which co -financed the project with the amount of up to PLN 20 million. The estimated impact of both copies on the consolidated gross result for 2025 is PLN 92 million.
Polenergia eBitda slightly down
EBITDA (operating result increased by depreciation) of the Polenergia group, i.e. the result before taking into account the above write -offs after the first half of 2025 amounted to PLN 313 million and was lower by PLN 82 million year -on -year – the company said. In the second quarter, EBITDA amounted to PLN 151 million compared to PLN 158.3 million a year ago in the same period. This is also as expected by the market, because the consensus of forecasts collected by PAP Biznes assumed a result of PLN 149.2 million.
Read also: Dominiki Kulczyk got gigantic financing. Billions of euro for sea windmills
EBITDA of the second quarter was lower by PLN 7.3 million compared to the same period of the previous year, and as the company said, he contributed above all a lower result in the trading and sales segment, which is mainly a consequence a lower result on renewable energy trade in renewable energy Due to the “lower result on free sales security” and a lower result on trade and business service mainly due to the lower result on trade in green certificates.
In addition, a lower result was recorded in the segment of land farms mainly as a result lower electricity sales prices and green certificates compared to last year.
The results of individual segments consisted of the group's EBITDA in the first half of 2025.
- segment of land farms: PLN 264.7 million,
- segment of solar farms: PLN 15.8 million,
- gas segment and clean fuels: PLN 4.3 million,
- Trading and sales segment: PLN 37.3 million,
- distribution segment: PLN 24.9 million,
- Unplanted segment: -34.1 million PLN.
What's more, the result was influenced Higher commission costs related mainly to the conclusion of conditional security transactions in the Deal Contingent Hedge formula, whose goal was Limiting the risk of variability of interest rates in projects implemented by the Wind Energy Maritime Company: IMF Bałtyk II and IMF Bałtyk III.
As added, the decrease in the corrected net profit was partly compensated by the lower level of income tax in the reported period. These are all preliminary results, and Polenergia plans to publish the final semi -annual report on August 20.
